Mashup Ireland AB (OSTO:MASHUP) Piotroski F-Score: 4 (As of Jun. 26, 2026) — Near Median


What is Mashup Ireland AB Piotroski F-Score?

Mashup Ireland AB OSTO:MASHUP -78.57% Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. The stock has 5 warning signs investors should review.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Mashup Ireland AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Mashup Ireland AB's Piotroski F-Score or its related term are showing as below:

OSTO:MASHUP' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 9 years, the highest Piotroski F-Score of Mashup Ireland AB was 7. The lowest was 1. And the median was 4.

Mashup Ireland AB  (OSTO:MASHUP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Mashup Ireland AB Piotroski F-Score Related Terms


Mashup Ireland AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mashup Ireland AB's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mashup Ireland AB Piotroski F-Score Chart

Mashup Ireland AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 5.00 2.00 5.00 4.00

Mashup Ireland AB Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 5.00 2.00 4.00 0.00

OSTO:MASHUP vs WM, RSG, WCN: Piotroski F-Score Comparison

For the Waste Management subindustry, Mashup Ireland AB's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mashup Ireland AB Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Mashup Ireland AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mashup Ireland AB's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was kr-10.72 Mil.
Cash Flow from Operations was kr-5.12 Mil.
Revenue was kr84.76 Mil.
Gross Profit was kr24.87 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (30.808 + 289.367) / 2 = kr160.0875 Mil.
Total Assets at the begining of this year (Dec23) was kr30.81 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr86.99 Mil.
Total Current Liabilities was kr61.10 Mil.
Net Income was kr-6.25 Mil.

Revenue was kr119.98 Mil.
Gross Profit was kr40.50 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (32.174 + 30.808) / 2 = kr31.491 Mil.
Total Assets at the begining of last year (Dec22) was kr32.17 Mil.
Long-Term Debt & Capital Lease Obligation was kr12.24 Mil.
Total Current Assets was kr12.35 Mil.
Total Current Liabilities was kr18.67 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Mashup Ireland AB's current Net Income (TTM) was -10.72. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Mashup Ireland AB's current Cash Flow from Operations (TTM) was -5.12. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=-10.724/30.808
=-0.3480914

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-6.25/32.174
=-0.19425623

Mashup Ireland AB's return on assets of this year was -0.3480914. Mashup Ireland AB's return on assets of last year was -0.19425623. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Mashup Ireland AB's current Net Income (TTM) was -10.72. Mashup Ireland AB's current Cash Flow from Operations (TTM) was -5.12. ==> -5.12 > -10.72 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/160.0875
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=12.237/31.491
=0.38858722

Mashup Ireland AB's gearing of this year was 0. Mashup Ireland AB's gearing of last year was 0.38858722. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=86.987/61.099
=1.42370579

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=12.349/18.67
=0.66143546

Mashup Ireland AB's current ratio of this year was 1.42370579. Mashup Ireland AB's current ratio of last year was 0.66143546. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Mashup Ireland AB's number of shares in issue this year was 10.434. Mashup Ireland AB's number of shares in issue last year was 62.102. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=24.869/84.756
=0.29341876

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=40.5/119.982
=0.33755063

Mashup Ireland AB's gross margin of this year was 0.29341876. Mashup Ireland AB's gross margin of last year was 0.33755063. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=84.756/30.808
=2.75110361

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=119.982/32.174
=3.72916019

Mashup Ireland AB's asset turnover of this year was 2.75110361. Mashup Ireland AB's asset turnover of last year was 3.72916019. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+1+1+1+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Mashup Ireland AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Mashup Ireland AB (OSTO:MASHUP) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mashup Ireland AB and its competitors. This is near median its historical median of 4.00. Over the past decade, Mashup Ireland AB's Piotroski F-Score has ranged from 1.00 to 7.00.
Is Mashup Ireland AB's Piotroski F-Score too high?
Mashup Ireland AB's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Waste Management industry median Piotroski F-Score is 5.00. Mashup Ireland AB's value of 4 is 20% below this industry median.
How does Mashup Ireland AB's Piotroski F-Score compare to WM and RSG?
Mashup Ireland AB's Piotroski F-Score of 4 can be compared against companies in the Waste Management industry. The industry median Piotroski F-Score is 5.00. Mashup Ireland AB's value of 4 is 20% below this benchmark. Historically, Mashup Ireland AB's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Mashup Ireland AB has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 240 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mashup Ireland AB's current Piotroski F-Score of 4 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mashup Ireland AB and its competitors. For the Waste Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mashup Ireland AB's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mashup Ireland AB stock overvalued right now?
Mashup Ireland AB (OSTO:MASHUP) has a current Piotroski F-Score of 4. The stock's GF Value™ is kr0.32, compared to a current price of kr0.02 — trading 92.5% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Waste Management industry median of 5.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Mashup Ireland AB (OSTO:MASHUP), the current Piotroski F-Score is 4 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mashup Ireland AB Business Description

Address Cork Road, Waterford Business Park, Unit F4, Waterford City Enterprise Center, Waterford, IRL, X91 RK 40
Mashup Ireland AB, formerly Kollect on Demand Holding AB is a technology company that provides waste disposal services. The company operates within two main business areas: waste collection and waste disposal. In the waste collection division, the company offer services such as household and commercial waste collection, container rental, and disposal of items like furniture and mattresses. The waste disposal business features a large, smart waste compactor called BIGbin, which has been installed in various locations in Ireland. BIGbin allows for the convenient disposal of household waste and provides consumers with an alternative to long-term waste collection contracts.